Coal India Waives Financial Coverage for Non-Power Sector Consumers, Boosting Business Liquidity

ENA Sectors 2025-03-03 14:44:40 Kolkata, Mar 3 (KNN) In a major step towards simplifying business transactions, Coal India Limited (CIL) has removed the requirement for non-power sector (NPS) consumers to provide financial coverage equivalent to ten days of coal value for supplies received through rail mode. This move aims to ease financial constraints for industries outside the power sector, enhancing liquidity and reducing operational complexities. A CIL executive highlighted that the decision aligns with the companys broader goal of streamlining operations under the ease of doing business initiative. The waiver will help NPS consumers improve their cash flow and optimize working capital, allowing them to allocate resources more efficiently, the executive added. During the current financial year, CIL has supplied approximately 560 million tonnes (MT) of coal to the power sector and around 134 MT to NPS consumers as of February. Notably, 55 per cent of CILs total coal supply was transported via rail mode. This initiative is part of CILs broader strategy to modernize and optimize coal distribution, ensuring smoother operations across all sectors. The decision aligns with the governments ongoing efforts to make business transactions more transparent, accessible, and cost-effective for industries in India. By reducing financial requirements, CIL is not only supporting industrial growth but also fostering a more business-friendly environment, strengthening its role as a key driver in India's energy sector. (KNN Bureau) 41251 https://knnindia.co.in/news/newsdetails/sectors/coal-india-waives-financial-coverage-for-non-power-sector-consumers-boosting-business-liquidity 2025-03-03 14:44:40 knnindia.co.in Coal India Waives Financial Coverage for Non-Power Sector Consumers, Boosting Business Liquidity